Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Prepare Ledger & Journal and Trial balance lestion 2 u are to enter up the necessary accounts for the month of ovember from the following
Prepare Ledger & Journal and Trial balance
lestion 2 u are to enter up the necessary accounts for the month of ovember from the following details, and then balance off the counts and extract a trial balance as at 30 November 2022 1 Started firm with capital: Cash at bank RM20,000 and cash in hand RM7,000. 3. Bought goods on credit from the following persons: B. Reman RM2,100 and L. Andrew RM3,000 4 Sold goods on credit to: M. Saro RM1,800 and S. Thiveena RM1,680 9. Paid wages by cash RM1,500 13. M. Saro paid us her account by cheque RM1,500 16. Paid rates by cash RM500. 20 Bought Machinery on credit from Mohan Ltd RM9,000. 22 Returned goods to L. Andrew RM400 25 We paid the following by cheque: B. Reman RM1,100 and L. Andrew RM1,500 28 Paid wages in cash RM1,300 31. Proprietor bring a further RM3,500 into the business, by a payment into the business bank accountStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started